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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Post by Stratocheifon Dec 29, 2020 11:10pm
406 Views
Post# 32194926

Recent article on seeking alpha

Recent article on seeking alphaSays cameco is headed for big trouble. Theyve shut down cigar lake and continue to fill orders buying spot. If there is a crunch coming with declinig availability of spot, cco will have to pay as much or even more for spot than they get from the contract prices they have committed to. It takes months to restart the mine and during that time they could incur big losses. Same with peninsula. They are even more at risk because their low ph conversion isnt even ready and will take at least 12 months before they produce any uranium. Its no wonder cco and penmf havent seen as big a stock rise as some of the others. Efr is in better shape as they have something like a million pounds in stock. But then again they have no buyers at the present time. But their sp sure has skyrocketed. Same for uec and i dont think they even have any stock. Its all a little odd that some of these stocks are soaring but revenue streams & profits have yet defined at this point. Valuations are racing forward so fast with no hard evidence as to why....just anticipation of what may be coming i guess. Hope we arent being set up for another short term fall. (Long term i agree the sector is compelling). Ive made a little money on these in the past month and it would be sad to see it go as quickly as it came. Any thoughts?
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